company is providing mobile and online services for cash deposit, cash withdrawal and instant money transfers. The company will soon launch UBL Bank mobile app for convenience of the customers. The app will enable people to conduct their banking business anytime, anywhere and also facilitate international money transfer. The app will enable them to do shopping for international shipping, shopping for online purchases, and make payments for international transfer. The customers can also buy latest smartphones, laptops, gold ornaments and other foreign goods. QR CODE FOR UBL DIGITAL APP
Remittances
The process of remittances is changing with a digital revolution in the global economy. Remittances flow are now becoming more than just transaction and the financial technology industry is gaining significant traction.
Robust technology in banking and telecom, such as, blockchain, artificial intelligence, Internet of Things (IoT), virtual reality and advanced robotics, are now bringing about tangible and substantial changes. These technologies are being utilised by remittance companies to enhance remittances in Pakistan. Remittances are a significant channel for foreign exchange inflows into the country and increased use of technology can further transform the entire payment and remittance ecosystem.
With the advent of technologies, Pakistan has become an emerging destination for technology-based start-ups that deliver innovative and cost-effective solutions to the remittance market. With rapidly changing needs of clients, the landscape for remittance services is becoming more
complex. The whole remittance business is evolving from traditional to newer delivery channels with online and mobile channels being predominant. Remittances senders are embracing digital channels for making payments and transfers. The app will enable people to conduct their banking business anytime, anywhere and also facilitate international money transfer. The app will enable them to do shopping for international shipping, shopping. For online purchases, and make payments for international transfer. The customers can also buy latest smartphones, laptops, gold ornaments and other foreign goods.
Digital remittance is a viable alternative to receive remittance through normal channels for specific destinations. Other relevant factors that are pushing the need for digital transformation. In the remittance industry include, a high rate of remittance transactions, a consumer. Of multi-screen consumer, larger volumes of transactions in
transaction value, larger consumer base and increasing remittance
volume across the globe.
With the advent of technologies, Pakistan has become. An emerging destination for technology-based start-ups that deliver innovative and cost-effective solutions to the remittance market. With rapidly changing needs of clients, the landscape for remittance services is becoming more
Any entity that allows a consumer to send money is a remittance firm. Since the world is now highly digitised, the remittance industry has been seriously evolving with time. There is no need to go through the normal process of receiving funds through agents. For sending money to Pakistan or anywhere else for that matter. The app will enable people to conduct their banking business anytime, anywhere and also facilitate international money transfer. The app will enable them to do shopping for international shipping. Shopping for online purchases, and make payments for international transfer. The customers can also buy latest smartphones, laptops, gold ornaments and other foreign goods.
